Two main ATO audit hotspots ( focus areas ) of Individual Tax Return 2018
This year ATO announced that would force on “other work-related deductions” in the individual tax returns. The other work-related deductions are shown in Lable D5 in the Individual Tax Return and included,
- Union fees
- Overtime meal allowance
- Seminars (I.e. Breakfast seminars)
- Books and Journals
- Home office
- Repairs and Maintenance only (i.e. computer repairs)
- Tools and Equipment (LESS than $300) otherwise Depreciate
- Newspaper
- Mobile Phone
- Internet
- Subscriptions (membership with professional bodies)
- Printing & Stationery
Another Tax audit hot spot for individual tax return in the financial year 2017-2018 is the motor vehicle deductions.